After a disappointing first quarter, Brazilian industrial production roared back in April, the Brazilian Census Bureau (IBGE) said Tuesday. Industrial output rose 0.8% against March and 8.9% against April of 2017. It was the biggest year-on-year leap for industrial production since early 2013. All major categories of production advanced in April. Capital goods outstripped the average by posting 1.4% growth against the previous month, harbinger of rising investment by manufacturers. Industrial output has been uneven in recent months. March, for example, showed a 0.1% month-on-month decline. Economists warned that May could show a decline in output following the disruptions of a long truckers’ strike. Business and consumer confidence has been mixed so far this year. Lower interest rates and declining consumer debt have helped boost confidence. But political uncertainties ahead of October elections inspire caution.
Link to IBGE release & nbspMore Testimonials